El Al completes deal for Boeing 777s

Israel's El Al Airlines has finalized a purchase agreement with Boeing for two extended-range 777 jetliners, the companies said Tuesday.

The deal was worth $362 million at list prices, but airlines typically negotiate discounts. Chicago-based Boeing is scheduled to deliver the two 777-200ERs in 2007.

El Al already has four 777s on routes to New York and the Far East from Tel Aviv. It will fly the new 777s to destinations in the United States and the Far East.